Release date: 20 January 2010
Promoter – Financial Intermediary
Estradas de Portugal, S.A.
Location
Description
The project comprises the construction of 47km of new 2x2 motorway, widening of 13km of 2x1 roads to 2x2 motorway standard, construction of 16km of new 2x1 roads and upgrading of 171km of 2x1 works, in the centre of Portugal.
Objectives
To promote regional development. To reduce travel times and vehicles operating cost, and enhance safety.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 345 million.
Total cost (Approximate amount)
Currently estimated at EUR 690 million.
Environmental aspects
During appraisal, the Bank will review the EIA process adopted currently by the grantor for all road sections to confirm that it complies with applicable EU Directives, domestic legislation, and any relevant international conventions to which Portugal is a party. Appraisal will also cover the proposed arrangements, as prescribed in the concession agreement or otherwise, for any further assessment, design, implementation, operation and monitoring activities that seek to avoid or mitigate negative environmental or social impacts.
Procurement
The Bank will review the procurement process during appraisal to confirm that it complies with the applicable EU Directive.
Status
Signed - 28/04/2010
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).